Decode Homeowners Insurance Coverage Secrets For Maximum Protection

Types of Homeowners Insurance Policies

There are several types of homeowners insurance policies, each designed to meet different needs. The most common is the HO-3 policy, which offers broad coverage for your home and personal property. For those seeking more comprehensive protection, an HO-5 policy might be suitable, as it covers more perils and provides higher limits for personal property. Conversely, an HO-1 policy offers basic coverage and is less common due to its limited protection.